South Korea's imports of Iranian crude doubled in March from a year earlier but the country's oil shipments from Iran in the first quarter of this year fell 16% y/y.Seoul imported 134,857 barrels…
Energy
A court in Japan issued an injunction Tuesday blocking a power company from restarting two of its nuclear reactors. The court's decision comes after residents challenged the plan to resume…
Russia confirmed on Tuesday that an oil-for-goods barter deal between Russia and Iran was being implemented, Reuters said in a report. The Kremlin spokesman Dmitry Peskov declined to give any…
Crude oil prices could rise quickly in the second half of the year and may reach $70 per barrel by the end of 2015 as US shale production tapers and seasonal variations increase demand, a top…
Egypt will import around $3.55 billion worth of liquefied natural gas (LNG) in the 2015-2016 financial year, an official at state-owned Egyptian General Petroleum Corporation (EGPC) said on…
An estimated $20 billion has been allocated for the development of West Karun oilfields in Khuzestan Province, Oil Minister Bijan Namdar Zanganeh said, IRIB reported.
Mapna Group has been assigned with construction of Kish gas field's 25 megawatt (MW) power plant, managing director, Abbas Aliabadi, was quoted by Shana News Agency as saying on Tuesday.
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Plans to generate electricity from nuclear power will remain unchanged irrespective of ongoing negotiations with world powers on Tehran's nuclear program, a member of the parliament's Energy…
The new Iran oil contracts will require foreign oil and gas companies to either partner with Iranian firms or officially register an Iranian entity in order to operate in domestic oil and gas…
Lifting sanctions against Iran will bring in $12-14 billion in annual revenues in the petrochemical sector, deputy director of Mahshahr Petrochemical Special Economic Zone (PETZONE) said, ISNA…
Plans call for two-fold increase in Kermanshah Oil Refinery output from 20,000 barrels of oil per day to 40,000 bpd, Mohammad Jamshidi, managing director of Kermanshah Oil Refining Company (KORC)…
French oil and gas major Total will consider developing Iran's gas fields after international sanctions against the country are scrapped, its chief executive officer said. "Iran has the world's…
Brent crude rose towards $59 a barrel on Monday as a slowdown in US drilling continued to support prices, offsetting a drop in Chinese oil imports.
Front-month Brent futures LCOc1…
Russia has started supplying grains, equipment and construction materials to Iran in exchange for crude oil under a barter deal, Russian Deputy Foreign Minister Sergei Ryabkov…
World oil markets will not see a significant rise in Iranian supplies for up to five years even if the OPEC members and world powers clinch a final nuclear deal by end-June, Fatih Birol chief…
The oil ministry has plans to give a 10-percent discount on feedstock to refineries, planning director of the National Iranian Oil Refining and Distribution Company (NIORDC) said, Shana News…
The development of petrochemical projects is not presently suspended and "Chinese companies will fund a total of 18 petrochemical projects in the near future," deputy oil minister said, Mehr news…
One year after the outset of a government initiative to promote solar panels among household consumers, reports suggest that panels provided by authorities have already lost their efficiency.
Iran will not face any power outages in summer if electricity consumption is curbed by merely 10 percent, Deputy Energy Minister Houshang Falahatian said.
Statoil made another gas find near its Aasta Hansteen field in the Norwegian Arctic, further raising the gas resource in one of its biggest ongoing projects, it said on Monday. Statoil found…
The Bid Boland Refinery in Khuzestan Province supplied more than 7.4 billion cubic meters of gas to the national gas network in the previous Iranian calendar year (ended March 20), a 2.3 percent…
Twenty four dams are planned to go into operation by the end of the year (started March 21), Energy Minister Hamid Chitchian said.
Production of ethane and liquefied petroleum gas (LPG) will commence in the South Pars gas field phases 15 and 16 by September, managing director of Pars Oil and Gas Company (POGC) said, IRIB…
Iran is set to expand energy ties with Oman in the near future, managing director of the National Iranian Gas Export Company (NIGEC) said, Mehr News Agency reported on Sunday.
Investment opportunities and interest in Iran's lucrative oil industry have increased despite the recent plunge in oil prices, monetary predicaments, and a projected budget deficit, a senior oil…
